Whittier Hall

Multi-Family

510 Bellevue Ave E, SeattleWA 98102

Property Details

Location

Address
510 Bellevue Ave E, SeattleWA 98102
County
King
Submarket
CBA Capitol Hill/First Hill
Parcels
6848200265

Building Size

Building Size
5,050 SF
Rentable Space
5,050 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
9
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
3
Year Built
1928
Sprinklers
Parking (Total Parking, Covered Parking, Uncovered Parking)
6 , 6, 0
Parking Ratio

Land & Utilities

Land (Acres)
0.17 Acres
Land (SF)
7,200 SF
Zoning
MR (M)
Lot Depth
Lot Width

Contacts

Current Listings

Whittier Hall Apartments

5,050 SF$2,900,000
Cap Rate: 3.28%

Positioned in Capitol Hill, Whittier Hall is blocks to the Harvard-Belmont Landmark District and within walking distance of Volunteer Park, Cal Anderson Park, and the vibrant retail corridors of Broadway and 15th Ave E. Downtown and SLU, with their prestigious/high-paying tech employers are also a mile away. The 9 units offer a new investor the likely opportunity for upside (raised rents, increased charges for utilities, parking, and storage). The property’s MR (M) zoning within an Urban Center allows for the construction of a 2nd 80-foot-tall building with no parking. Desirable features including 6 garage parking spaces and attractive/unique 1920s aesthetics. Buyer to verify all information pertaining to upside and development potential.

Positioned in Capitol Hill, Whittier Hall is blocks to the Harvard-Belmont Landmark District and within walking distance of Volunteer Park, Cal Anderson Park, and the vibrant retail corridors of Broadway and 15th Ave E. Downtown and SLU, with their prestigious/high-paying tech employers are also a mile away. The 9 units offer a new investor the likely opportunity for upside (raised rents, increased charges for utilities, parking, and storage). The property’s MR (M) zoning within an Urban Center allows for the construction of a 2nd 80-foot-tall building with no parking. Desirable features including 6 garage parking spaces and attractive/unique 1920s aesthetics. Buyer to verify all information pertaining to upside and development potential.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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